Panic throws iron ore prices below $70 per tonne cfr

Seaborne iron ore offers were cut below the $70-per-tonne-cfr mark on Wednesday April 12 as sellers began to panic with “nobody buying”.

Key drivers China’s ferrous futures and steel markets continued to slump across the board. The benchmark steel and iron ore contracts shed 3-4% during the day, while spot rebar and hot...


July Zhang

April 12, 2017

11:05 GMT